Cleary Industries | ||||
Direct Materials Budget | ||||
For the Months of January through March | ||||
January | February | March | Quarter | |
Units to be produced | 5000 | 4500 | 4200 | 13700 |
Multiply by: Quantity of direct materials needed per unit | 2 | 2 | 2 | 2 |
Quantity needed for production | 10000 | 9000 | 8400 | 27400 |
Plus: Desired ending inventory of direct materials | 1800 | 1680 | 1720 | 1720 |
Total quantity needed | 11800 | 10680 | 10120 | 29120 |
Less: Beginning inventory of direct materials | 2000 | 1800 | 1680 | 2000 |
Quantity to purchase | 9800 | 8880 | 8440 | 27120 |
Multiply by: Cost per unit | $3 | $3 | $3 | $3 |
Total cost of direct materials purchases | $29400 | $26640 | $25320 | $81360 |
Calculation of Desired ending inventory
January= 9000*20%= 1800
February= 8400*20%= 1680
March= 4300*2*20%= 1720
Calculation of Beginning inventory
January= 10000*20%= 2000
Cleary Industries manufactures a popular interactive stuffed animal for children that requires two computer chips inside...
Beckett Industries manufactures a popular interactive stuffed animal for children that requires two computer chips inside each toy. The company pays $1 for each computer chip. To help to guard against stockouts of the computer chip, Beckett Industries has a policy that states that the ending Inventory of computer chips shoul be at least 25% of the following month's production needs. The production schedule for the first four months of the year is as follows: (Click the icon to view...
Beckett Industries manufactures a popular interactive stuffed animal for children that requires two computer chips inside each toy. The company pays $1 for each computer chip. To help to guard against stockouts of the computer chip, Beckett Industries has a policy that states that the ending inventory of computer chips should be at least 25% of the following month's production needs. The production schedule for the first four months of the year is as follows: 33 (Click the icon to...
why are my answers wrong?
Osborne Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside each toy. The company pays $1 for each computer chip To help to guard against stockouts of the computer chip, Osborne Industries has a policy that states that the ending Inventory of computer chips should be at least 25% of the following month's production needs. The production schedule for the first four months of the year is as follows:...
can you please help me with managerial accounting problem
Beckett Industries manufactures a popular interactive stuffed animal for children that requires two computer chips inside each toy. The company pays $4 for each computer chip. To help to guard against stockouts of the computer chip, Beckett Industries has a policy that states that the ending inventory of computer chips should be at least 20% of the following month's production needs. The production schedule for the first four months of the...
cu Х Data Table of Stuffed animals to be produced 5,500 4,500 4.700 4,400 January February .... March 1 April ald Print Done McKnight Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside each toy. The company pays $2 for each computer chip. To help to guard against stockouts of the computer chip, McKnight Industries has a policy that states that the ending inventory of computer chips should be at least 25% of the...
Question Heip Autten Industries Direct Meterials Budget Foe the Months of January theough March Unts to be prodce EQuestion Help E( Clck the con to vew the producton schedde) Prepare a drecd terials budgst lor Bhe trst quarter That shows toth the number of computer chips needed and the doliar anount of the parchases in the budgst Autten Industries Direct Materials Budge Foe the Months of January though March Unts to be prodce Enter any number in the eat telds...
February Cleary Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: E (Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter requires...
EXTRA INFO:
Number of planters to be sold
January. . . . . .3,900
February. . . . .3,700
March. . . . . . . .3,100
April. . . . . . . . .4,500
May. . . . . . . . .4,900
positive rating upon completion rewarded~
Requirements 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. 2. Prepare a...
Stenback Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 800 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires two pounds...
sales budget. Direct Materials Budget For the Quarter Ended March 31 Month January February March 90,000 95,000 98,000 1st Quarter Units to be produced 1.5 Multiply by: Quantity of DM needed per unit Quantity needed for production Plus: Desired end inventory of DM Total quantity needed Less: Beginning inventory of DM Quantity to purchase Multiply by: Cost per yard Total cost of DM purchases 12,500 5.00 Note: The quantity of production for April is expected to be 100,000 units. The...